Those Flippin Costs

<p>In this episode, John and Kyle discuss the costs involved in flipping houses and the</p><p>challenges that arise during the process. They emphasize the importance of</p><p>understanding the true costs and potential risks before getting into flipping. They break</p><p>down the costs step by step, from the initial purchase to the final sale, highlighting the</p><p>various expenses that can eat into potential profits. They also touch on the current</p><p>market conditions and how they impact the flipping business.</p><p>Key Takeaways:</p><p>•&nbsp;Flipping houses requires careful consideration of all costs involved, including closing</p><p>costs, repairs, holding costs, and selling expenses.</p><p>•&nbsp;It is crucial to accurately estimate repair costs and budget for potential overages.</p><p>•&nbsp;Market conditions and location play a significant role in the profitability of a flip.</p><p>•&nbsp;Real estate agents, lenders, and other professionals involved in the process should</p><p>be factored into the overall costs.</p><p>Quotes:</p><p>"Everybody who's ever walked into a Home Depot thinks they can do it." - John</p><p>Teixeira</p><p>"Labor is expensive now, and those construction costs have gone up significantly." -</p><p>Kyle Teixeira</p><p>You can listen to We Are TPM on any major podcast platform including Apple</p><p>Podcasts, Google Play, Spotify, and many more.</p><p>Tune in today!</p><p>We Are TPM</p><p>Teixeira Property Management</p><p>Mansfield, Texas</p><p>www.WeAreTPM.com</p><p>ShowMeTheMoney@WeAreTPM.com</p><p>———————————————————————————</p><p>There are a vast amount of ways in today's world to build wealth using real estate and</p><p>investing, not just in property, but in yourself!</p><p>Located in the Dallas-Fort Worth area of Texas, John Teixeira and Kyle Teixeira of</p><p>Teixeira Property Management bring you all of the knowledge and experience they can</p><p>provide for the confidence to achieve your investment goals, or how and why to create</p><p>them. Now, while John and Kyle have a t